Attachmate Acquires Novell

Nov 22, 2010

Novell, Inc. announced that it has entered into an agreement through which it will be acquired by the Attachmate Corp. at $6.10 per share, or approximately $2.2 billion. Novell also announced it will sell certain intellectual property assets to CPTN Holdings, LLC, a consortium of technology companies organized by Microsoft, for $450 million in cash. The $6.10 per share consideration represents a premium of 28% to Novell's closing share price on March 2, 2010, the last trading day prior to the public disclosure of Elliott Associates, L.P.'s proposal to acquire all of the outstanding shares of Novell for $5.75 per share, and a 9% premium to Novell's closing stock price on November 19, 2010.